A satellite is a semi-independent, computer-controlled, artificial device that is launched into the earth's orbit. Popular types of satellites include commercial, military, and surveillance, serving various purposes including science, weather, navigation, and communication. The satellites are also deployed for unique purposes in various orbits. The satellite data is used in various applications, such as urban development, maritime security, mineral prospecting, and agriculture.
MARKET SCOPE
The "Global Satellite Propulsion Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the satellite propulsion market with detailed market segmentation by propulsion type, system type, applications and geography. The report provides key statistics on the market status of the leading satellite propulsion market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on propulsion type, the global satellite propulsion market is segmented into cold gas propulsion, ambipolar thrusters, green liquid, pulsed plasma propulsion, water electrolyzed, others
- Based on system type, the global satellite propulsion market is segmented into bipropellant propulsion system, monopropellant propulsion system, pneumatic propulsion system, others
- On the basis of applications, the market is segmented applications satellite, science satellite, technology experiment satellite
MARKET DYNAMICS
Drivers:
- Increase in number of space exploration missions.
- Increasing demand for LEO-based services
- Increasing focus on reducing mission costs
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The satellite propulsion market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the satellite propulsion market in these regions.
IMPACT OF COVID-19ON SATELLITE PROPULSION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the satellite propulsion market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from satellite propulsion market are anticipated to lucrative growth opportunities in the future with the rising demand for satellite propulsion Moog Inc in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the satellite propulsion market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Moog Inc
- ENPULSION GmbH
- Exotrail SA
- Thales Group
- Airbus SE
- BALL CORPORATION
- Bellatrix Aerospace Private Limited
- Busek, Co. Inc.
- Cobham PLC
- Pacific Scientific Energetic Materials Company
Moog Inc